The Flattening Of The World's Oil Supply Is Threatening The Financial System Read more: http://oilprice.com/Energy/Energy-Gener

The Flattening Of The World's Oil Supply Is Threatening The Financial System Read more: http://oilprice.com/Energy/Energy-Gener

The point is that the oil consumption goes down very quickly, not over a period of many years, because the decline in supply is determined by something quite different from what oil is in the ground–it is determined by ability to pay for the oil. A potential buyer can be cut off very quickly, if its credit is no good. We have gotten used to the idea of being able to keep running a tab, but at some point, this whole process is likely to come to a halt–something that can’t go on forever, won’t.